NEW YORK, NY / ACCESSWIRE / August 7, 2017 / U.S. markets were lifted Friday as stronger-than-expected employment data provided some economic support for the market's recent run. The Dow Jones Industrial Average closed at a new record for the 8th consecutive session. On Friday, the Labor Department reported that the U.S. economy added 209,000 jobs in July, which topped expectations of an 183,000 gain, according to economists surveyed by Reuters. The Dow Jones gained 0.30 percent to close at a record 22,092.81, which was also an intraday record. The S&P 500 Index gained 0.19 percent to close at 2,476.83, while the NASDAQ increased 0.18 percent to close at 6,351.56.

"If this were a company reporting earnings, this would be a beat and raise in guidance," said Art Hogan, Chief Market Strategist at Wunderlich Securities about the job data. "We're also winding down on the earnings season so this came at the perfect time."

RDI Initiates Coverage on:

Applied Optoelectronics Inc.
https://ub.rdinvesting.com/news/?ticker=AAOI

Finisar Corporation
https://ub.rdinvesting.com/news/?ticker=FNSR

Applied Optoelectronics Inc.'s stock fell 34.07% Friday, to close the day at $64.60. The stock recorded a trading volume of 17,035,329 shares, which was above its three months average volume of 3,561,300 shares. In the last year Applied Optoelectronics Inc.'s shares have traded in a range of 13.06 - 103.41. The share price has gained 395% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day simple moving average of $74.45 is greater than its 200-day moving average of $46.68. Shares of Applied Optoelectronics Inc. are trading at a Price to Earnings ratio of 22.76. Shares of Applied Optoelectronics have gained approximately 175.6 percent year-to-date.

Access RDI?s Applied Optoelectronics Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=AAOI

On Friday, shares in Finisar Corporation recorded a trading volume of 5,051,553 shares, which was above the three months average volume of 2,921,680 shares. The stock ended the day 7.57% lower at 23.94. The share price has gained 32.63% from its 52 week low with a 52 week trading range of 19 - 36.85. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $26.51 is below its 200-day moving average of $28.45. Shares of the company are trading at a Price to Earnings ratio of 10.93. Shares of Finisar have fallen approximately 20.91 percent year-to-date.

Access RDI?s Finisar Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=FNSR

Our Actionable Research on Applied Optoelectronics Inc. (NASDAQ: AAOI) and Finisar Corporation (NASDAQ: FNSR) can be downloaded free of charge at Research Driven Investing.

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